Jensen Keith

CFO Jensen Keith sells 17,660 shares (78.9% of holdings) at avg $109.18, reducing stake to 4,736 shares

Jensen Keith, Chief Financial Officer of Fortinet, executed 3 separate sales on 2025-02-26 totaling 17,660 shares for $1,928,063.83 at blended average price $109.18, reducing his post-transaction holdings from 22,396 to 4,736 shares—a 78.9% reduction in stake. The current stock price of $107.09 sits 6.5% below the 52-week high of $114.57 but up 7.3% over the past 30 days and 12.7% over 90 days. Across his cross-ticker open-market history, the insider's prior sells averaged 30-day returns of +5.3% and 90-day returns of +16.6%, suggesting his prior exit timing has been poorly executed (stock rose after he sold). At FTNT specifically, his 2 measurable prior sells on 2024-11-26 showed 90-day returns of +14.4% and +12.7%, both positive outcomes indicating he sold before subsequent gains rather than declines. The substantial near-complete reduction in FTNT holdings warrants monitoring to understand the catalyst, particularly given the CFO's historical pattern of selling into strength.

CFO Jensen Keith sells 23,500 shares ($2.7M) at Fortinet in 3 transactions; holds 4,736 shares post-sale (-83.2% reduction).

Jensen Keith, Chief Financial Officer of Fortinet, executed 3 separate sales totaling 23,500 shares for $2,668,562.90 on 2025-02-19, reducing his holdings by 83.2% to 4,736 shares. The blended average sale price of $113.56 is near the current price of $114.21, occurring as the stock trades within 0.3% of its 52-week high of $114.57 and up 17.5% over the past 30 days and 23.1% over 90 days. While Fortinet's fundamentals are strong (revenue growth of 20.1% annually, net income of $539,900,000, market cap of $87,536,562,638.58), his prior 5 trades at this ticker show a 0% success rate in capturing subsequent declines at the 90-day mark, with post-sell returns of +1.7%, +2.4%, +0.9%, +21.8%, and +23.2%. The substantial position reduction during a period of recent strength and the absence of well-timed prior exits at this ticker merit observation of whether this pattern continues.

CFO Keith Jensen sold 17,650 shares of FTNT for $1,688,336.75 across 3 transactions at blended $95.66, reducing holdings by 79.0%

Jensen Keith, CFO, executed 3 separate sales totaling 17,650 shares for $1,688,336.75 on 2024-11-26, reducing his holdings from 22,339 shares to 4,689 shares—a 79.0% reduction. The sales occurred at prices ($94.97, $95.65, $96.45) clustered near the current price of $94.06 and within 5.1% of the 52-week high of $99.15, indicating execution near recent strength. Notably, Jensen had already made 3 separate sales on 2024-11-08 (outcomes not yet measurable), suggesting active liquidation activity over a narrow window. His same-ticker trade history at FTNT shows 0 of 2 prior measurable sales were well-timed (stock rose 23.4% and 22.7% after those August sales), indicating a pattern of selling before rallies rather than declines.

FTNT CFO Jensen Keith sold 56,705 shares for $4,840,489.70; stock since rallied +19.6% (30-day) to $99.15, near 52-week high.

Jensen Keith, FTNT CFO, executed 3 separate sales totaling 56,705 shares for $4,840,489.70 at an average price of $85.36 on 2024-11-08, reducing his holdings by 86.4%. The stock has since appreciated significantly: +19.6% over 30 days and +36.2% over 90 days, currently trading at $99.15 (at the 52-week high). His prior trades at FTNT (5 measurable instances) show 0 of 3 completed 90-day periods with post-sale declines; the last three recorded outcomes show positive 90-day returns of +30.2%, +29.2%, and +25.5%, indicating his prior sales at this ticker have consistently underperformed on a timing basis. Against Fortinet's fundamentals—$1,508,100,000 quarterly revenue, $539,900,000 net income, +20.1% annual growth, and a P/E of 49.58—the large reduction in executive holdings at a below-current-price level merits investor attention to his conviction and any forward-looking concerns.

Fortinet CFO Jensen Keith sold 11,985 shares (71.9% of holdings) for $905,464.63 at FTNT

Jensen Keith, Fortinet's Chief Financial Officer, executed 2 separate sales on 2024-08-27, divesting 11,985 shares (71.9% of his pre-transaction holdings) for a blended average price of $75.55. The current price of $75.61 is within 0.5% of the 52-week high, and the stock has rallied +31.8% over the past 30 days and +30.4% over 90 days, suggesting the sale occurred near a peak valuation. Examining his same-ticker history at FTNT, 2 of 3 prior measurable 90-day outcomes were well-timed (the stock fell after those sales), while his cross-ticker track record shows a 66.67% well-timed rate, indicating selective success in exiting before declines. This concentrated share sale—reducing holdings from 16,661 to 4,676 shares—warrants investor attention given the magnitude of the reduction, the timing near 52-week highs, and the mixed but non-trivial evidence of prior timing acumen at this specific ticker.